Shearman & Sterling, Freshfields Bruckhaus Deringer and Nagashima Ohno & Tsunematsu have advised on Mizuho Financial Group PLC‘s acquisition of a 15-percent stake in the Joint Stock Commercial Bank for Foreign Trade of Vietnam, also known as Vietcombank.
Tokyo-based Mizuho has agreed to pay $567 million for its stake in Hanoi-based Vietcombank, Vietnam’s largest listed bank by market value. The transaction is subject to regulatory approval and is expected to close by the first quarter of 2012.
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